This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an
Strategy · Pine Script v6 · On the chart
Cuan Bungkus
A long-only strategy for stocks that buys when the close is above a 5-period EMA, the short EMA is above a 20-period EMA, and volume exceeds a multiple of its 20-bar average.
GitHub stars1on the repository
Pine versionv6current
Lines of code38
Settings7inputs
LicenceNone stated
Last update1 year ago30 Sep 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Position size is a set percent of initial capital. After entry it places a fixed percentage take profit and a fixed percentage stop loss from the average price. Green buy triangles and red sell triangles mark the signals on the price chart. The EMA lengths, volume multiplier, size, reward and risk percentages are adjustable.
- EMA alignment with volume spike entry
- Fixed percentage take profit and stop loss
- Position size as percent of initial capital
- Buy and sell triangle markers
Details
Published by
mamuncloud on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Volume
Markets
Stocks
Timeframes
H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Short Length | int | 5 | in_short_period |
| Long Length | int | 20 | in_long_period |
| Volume MA Length | int | 20 | in_volume_ma_length |
| Volume Spike Multiplier | float | 5 | in_volume_spike_multiplier |
| Position Size (%) | float | 10.0 | in_position_size_percent |
| Reward % | float | 3.0 | in_reward_percent |
| Risk % | float | 3.0 | in_risk_percent |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
This strategy enters long when a faster moving average crosses above a slower one and short when it crosses below, unless long-only mode is on. An optional volume filter requires volume above a 20-bar average times a multiplier. Exits use a percentage stop los
This strategy plots four exponential moving averages on the price chart and filters trades with a smoothed Ease of Movement oscillator. In the default mode it opens a long when price and the four averages are stacked upward and Ease of Movement is positive, th
This intraday strategy implements Mark Fisher's Opening Range Breakout (ORB) methodology tailored for index futures like ES and NQ. It calculates session opening ranges, volume z-scores, and VWAP bands to plot support, resistance, and confirmation levels on th
This strategy trades on the price chart using multiple indicators. It enters long positions when price dips meet conditions on Bollinger Bands 40 and 20, RSI, MFI, volume and other thresholds. It exits at custom ROI profit levels based on RSI or after timeout
This strategy enters long or short when eight conditions align over the last two bars. It requires EMA 10 and EMA 55 alignment on the one-hour, four-hour and daily charts, a positive ADX slope, matching monitor direction, and price relative to a 400-bar point
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers